Stifel Starts EMCOR Group (EME) at Buy

Stifel analyst Brian Brophy initiates coverage on EMCOR Group (NYSE: EME) with a Buy rating and a price target of $600.00.

The analyst comments "We believe that EMCOR is well positioned to win an outsized portion of large data center and manufacturing projects, given its scale, leading virtual design & construction (VDC) capabilities, and pre-fabrication assets. We believe large projects are often a margin mix tailwind. We also believe best practice sharing across the various subsidiaries is a key advantage and has allowed EME to expand its capabilities to additional geographic markets over time. EME also has a strong M&A and capital allocation track record."

For an analyst ratings summary and ratings history on EMCOR Group click here. For more ratings news on EMCOR Group click here.

Shares of EMCOR Group closed at $500.36 yesterday.

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